BERLIN, July 8 (Reuters) - Linio, an e-commerce company
bidding to be the Amazon of Latin America set up by German
venture capital firm Rocket Internet, has attracted 58 million
euros ($79 million) in new funding, helping it expand to new
markets like Chile.

Linio said in a statement on Tuesday the new funding round
was led by private equity fund manager Northgate Capital and
Access Industries, owned by Len Blavatnik, a billionaire and
Ukrainian-born American industrialist, who has invested in
several Rocket Internet firms.

Founded in 2012, Linio now sells products from shoes to
smartphones in Mexico, Colombia, Venezuela and Peru. It has not
published sales figures but says it gets over 15 million website
hits a month and has over 2 million Facebook fans.

Linio Chief Executive Andreas Mjelde said the new investment
would help the firm expand into more countries, starting with
Chile, and also pay for more marketing and improving its
technical platform in its existing markets.
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